Seven of Ghaziabad family booked for Rs 50-crore cheating

New Delhi, Sep. 13 (IANS): Seven members of a Ghaziabad family have been booked on charge of duping over 50 persons of Rs 50 crore through Ponzi schemes, police said on Wednesday.

A manhunt has been launched to arrest the accused, who were absconding for the last three months, a senior police officer said.

Police said Shyam Sunder Sachdeva, a property dealer who is resident of Jain Nagar in Karala area of north-west Delhi, filed a police complaint on September 8 against the family at the EOW.

“Sachdeva said the accused duped him of Rs 1.94 crore. He also accused Vishal Uppal of duping over 50 other persons of over Rs 50 crore on the pretext of holding monthly lucky draws, and investments in shares and gold schemes,” a senior police officer said.

As per the FIR, Vishal Uppal had morphed photographs to impress his potential victims that he knew various political leader and even claimed good relations with a prominent political family and some senior central ministers.